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Air France-KLM to Use Blockchain to Reduce Expenses

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Airline holding company Air France-KLM has collaborated with blockchain travel ecosystem Winding Tree.

The alliance has disclosed the new deal in a release published on its official website.

The world’s fifth largest air company by revenue this year, Air France-KLM is banking on blockchain to help it provide “a more advantageous travel offer for customers which is more profitable for suppliers, in particular by reducing the number of intermediaries.”

Sonia Barriere, the executive vice president for Strategy and Innovation at Air France-KLM, believes that blockchain would “revolutionise exchanges within the travel industry” for both customers and firms.

With the new arrangement, Air France-KLM would be joining the ranks of other airlines that have already partnered with Winding Tree.

The company already has agreements with Lufthansa, Swiss Air, Air New Zealand, Austrian and Brussels Airlines, and Eurowings. In addition, the open-source travel platform also works with one of the biggest hotel chains in Scandinavia and Baltic Region, Nordic Choice Hotels.

Airlines might utilize the blockchain to not only abridge the booking process, but also to introduce loyalty programs, to monitor luggage and augment airport logistics, as well as to prevent overbooking.

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